Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


UTC Student, Robert Fisher, Earns Prestigious National Scholarship Recognition

Robert Fisher, a Brock Scholar and Student Government Association president at The University of Tennessee at Chattanooga, has been named a 2014 Truman Scholar by the Harry S. Truman Scholarship Foundation. Mr. Fisher plans to earn his undergraduate degree in political science in May 2015. He is the fourth student in the school’s history to be named a Truman Scholar. “Robert ... (click for more)

East Ridge High School Class Of 1974, 1978 And 1979 To Hold Reunions

The East Ridge High School Class of 1974 is having their 40th reunion Sept. 20 at the Chattanoogan on Broad Street.    For more information please go to the website  Eastridge74.com .  East Ridge High School Class of 1978 and 1979 and Friends is planning their upcoming 35th year reunion on July 26 at the Chattanooga Convention Center and an Alumni Picnic ... (click for more)

Chattanooga Chamber Taps Bill Kilbride As Next CEO

The Chattanooga Area Chamber of Commerce has tapped retiring Mohawk Industries executive Bill Kilbride as president-elect to succeed Ron Harr as president and CEO on a schedule to be announced later. According to Howard Levine, chairman of the chamber board, Mr. Harr will continue as CEO for several more months. “We were disappointed that health concerns have made it necessary ... (click for more)

NAACP Recommends Staying Away From Planned Protest By Neo-Nazi Group

The president of the Chattanooga Chapter of the NAACP, urged local residents to stay away from a planned rally here by the Nationalist Socialist Movement in August. James R. Mapp said the group seeks to provoke incidents and said counter-protests could lead to problems. Mr. Mapp said, "On April 8th, 2014, reports surfaced throughout the Chattanooga-Hamilton County region that ... (click for more)

Time For Tennessee To Act On Climate This Earth Day - And Response

Tennessee will join the rest of the southeast region, the nation and countries across the world in celebrating Earth Day on April 22. The entire month of April is a great time to reflect on the strides we have made to reduce pollution over the last 44 years, and assess current environmental conditions while evaluating our personal responsibility to a cleaner environment.  ... (click for more)

Roy Exum: Why Jim Coppinger Excels

Jim Coppinger, who as the mayor of Hamilton County has understandably had to grow some thick skin, wants no part of the repulsive billboards now seen around town that ask, “Do you have gonorrhea?”  His Tuesday morning telephone call revealed he is just as disgusted as the rest of us who see them showing a picture of a forlorn African-American male. “You need to know the Hamilton ... (click for more)